Brazil's state-run oil firm Petrobras has acquired a 42.5% stake in Block 2613, offshore Namibia.The transaction was carried out in partnership with TotalEnergies…
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Brazil's state-run oil firm Petrobras has acquired a 42.5% stake in Block 2613, offshore Namibia.
The transaction was carried out in partnership with TotalEnergies, which also acquired 42.5% and will act as the operator of the block.
The selling companies are Eight Offshore Investment Holdings and Maravilla Oil & Gas.
After the completion of the transaction, Eight will retain 5% of the block, while Maravilla will end its participation in the asset.
Thus, the consortium for Block 2613 will be composed of Petrobras (42.5%), TotalEnergies (42.5%), Eight (5%), and Namcor Exploration and Production - a state-owned company held by the Government of Namibia (10%).
The Block is located in the Lüderitz Basin and covers an area of around 11,000 km² offshore Namibia.
The acquisition marks Petrobras’ return to Namibia and is aligned with the company’s long-term strategy, focused on portfolio diversification and the replenishment of oil and gas reserves through exploration of new frontiers and the strengthening of strategic partnerships.
The completion of the
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